Apr 252 minTenant's Rights Upheld: Supreme Court Nullifies Auction Sale, Rejects Bank's Claim for PossessionSupreme Court nullified the auction sale, rejected the bank's claim for possession and upheld the tenant's rights. The Supreme Court...
Apr 242 minDefaulter Cannot Resort To Criminal Proceedings Against Creditor or Auction Purchaser Against Auction Held Under SARFAESI Act; Exclusively DRT's DomainAllahabad High Court held that the defaulter cannot resort to criminal proceedings against creditors or auction purchasers against an...
Apr 232 minSecured Creditor Cannot Proceed Under The SARFAESI Act When A Civil Suit For Recovery Is Dismissed On MeritThe Kerala High Court held that the Secured Creditor cannot proceed under the SARFAESI Act when a civil suit for recovery is dismissed on...
Apr 222 minHome buyers and allottees of real estate projects are categorized as financial creditors regardless of whether they have invoked remedies under RERANCLAT held that home buyers and allottees of real estate projects are categorized as financial creditors regardless of whether they have...
Apr 222 minAuction Purchaser cannot claim the interest on the sale consideration for the delay in issuing the Sale CertificateThe NCLAT held that the Auction Purchaser cannot claim the interest on the sale consideration for the delay in issuing the Sale...